Hero MotoCorp Registers Growth Of 7.55% Over August 2019

Hero MotoCorp has announced that it sells 584,456 units of motorcycles and scooters in the month of August 2020, a growth of 7.55% over the corresponding month of the previous year (August 2019) when it sold 543,406 units. 

Sequentially, this translates into a growth of 13% over the month of July 2020, when the Company had sold 514,509 units.

The Company is also witnessing strong retail off-take and is currently operating in a pull-market with rural and semi-urban centers driving demand.

With August marking another step forward in the market's recovery, the Company cautiously anticipates sales to continue their upward trajectory with favorable factors such as the upcoming festive season, increasing consumer confidence and continued government policy support., the company said.

Now operating at nearly 100% production capacity with almost all customer touchpoints open, the Company remains committed to the health and safety of everyone in its ecosystem, including its customers, it added.